Welcome to our dedicated page for LIVEWIRE GROUP news (Ticker: LVWR), a resource for investors and traders seeking the latest updates and insights on LIVEWIRE GROUP stock.
LiveWire Group Inc (LVWR) delivers innovative electric mobility solutions through premium motorcycles and youth-focused STACYC balance bikes. This news hub provides investors and industry observers with official updates and strategic developments from the sustainable transportation innovator.
Access real-time announcements including product launches, financial disclosures, and operational milestones. Our curated collection features earnings reports, technology advancements, and market expansion updates, offering critical insights into LiveWire's position in the competitive EV sector.
Key content categories include:
- Financial performance updates
- New model releases and design innovations
- Strategic partnerships in sustainable mobility
- Manufacturing and supply chain developments
- Industry recognition and regulatory updates
Bookmark this page for streamlined access to verified information about LiveWire's progress in electrifying personal transportation. Check regularly for updates directly impacting the company's trajectory in the evolving electric vehicle market.
LiveWire Group, Inc. (NYSE: LVWR) announced its Q1 2023 results, showing a consolidated revenue decline of $7.8 million, down 25% from $10.4 million in Q1 2022. The company sold 63 LiveWire ONE electric motorcycles, a 13% decrease from last year’s 72. The electric motorcycle segment reported revenue of $1.5 million, a 36% drop, while STACYC’s revenue fell by 22% to $6.3 million. Operating losses increased to $24.9 million, compared to $15.7 million in the previous year, attributed to higher product development costs. Looking ahead, the company maintains its 2023 guidance, forecasting electric motorcycle unit sales between 750 to 2,000 and an operating loss between $115 million and $125 million.
FAQ
What is the current stock price of LIVEWIRE GROUP (LVWR)?
What is the market cap of LIVEWIRE GROUP (LVWR)?
